Former Wests Tigers powerbrokers Justin Pascoe and Lee Hagipantelis buy Canadian basketball team Ottawa BlackJacks
” [Dallas] Cowboys exceed $ 12 billion; You see what is happening in Wrexham. There is definitely a niche market for low -worthless, realized sports assets that do not only need capital, [but] This needs some operational experience and expertise to add to capital. “
Pascoe said that the company “offers us more than 100 opportunities” last year, but chose Blackjacks because of the upper part they saw in the Canadian League.
“Basketball is a global growing sport to us,” he said. “Our belief is that the ice hockey is still number 1 sport, but basketball is growing every day with migration and demographic change in Canada. The highest growth sport in terms of percentage increase.
“What did we see [majority National Basketball League owner] Larry Kestelman was able to do it with NBL, and there is no reason not to try to put it on the NBA border. “
Pascoe describes the Canadian League as “the place where the NBL was six or seven years ago ve and its expanding growth potential. Craig Hutchison’s last sale of Perth Wildcats points to $ 40 million, just three years after reaching $ 8.5 million.
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Hagipantelis, Hollywood actors Ryan Reynolds and Rob Mcelhenney by the British football club Wrexham AFC is an example of buying and marketing.
“There is an example of an extraordinarily successful business model to develop and enlarge a less developed sports franchise, Hug said Hagipantelis.
“Finding capital is not difficult, it’s hard to find smart capital. It’s about finding people who can bring more than money to the table.”
GSFMG also has a wholesale entrepreneur fund branch that makes investors a part of the journey. Considering the lack of success in Wests Tigers’ rudder, Pascoe said: “Tiger experience is a footnote in our career.
“The real story is the global access we provide – our businesses established in the UK, Canada, the USA and Australia, private capital expertise and an opportunity line for our investors today.
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